Market News Top 10 News Jio Platforms to Acquire Mimosa Networks – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Jio Platforms to acquire Mimosa Networks for $60mn Jio Platforms (a subsidiary of Reliance Industries) will buy US-based communications equipment maker Mimosa Networks for $60 million to strengthen its 5G and broadband services. Mimosa’s portfolio includes point-to-point and point-to-multi-point products based on […] Written by Cherian Varghese March 9, 2023March 9, 2023
Market News Top 10 News India’s Manufacturing PMI Slows to 4-Month Low in Feb – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: India’s manufacturing PMI slows to 4-month low in Feb India’s manufacturing sector expanded at the slowest pace in four months in February. The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) stood at 55.3 in Feb, compared to 55.4 in Jan. New […] Written by Cherian Varghese March 1, 2023March 1, 2023
Market News Top 10 News Steel Prices Rise to 3-Month High in Jan – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Steel prices rise to 3-month high of ₹56,900 per tonne in Jan: SteelMint According to a SteelMint report, steel prices increased by 5% to hit a three-month high of ₹56,900 per tonne in January. Prices of coking coal have risen in January […] Written by Cherian Varghese January 10, 2023January 10, 2023
Market News Top 10 News ICICI Bank, Axis Bank to Acquire Stake in IOCL’s JV – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: ICICI Bank, Axis Bank to acquire stake in IOCL’s JV ICICI Bank, Axis Bank, and SBI Life Insurance will acquire a 10% stake each in a proposed joint venture (JV) of Indian Oil Corporation Ltd (IOCL) and Chennai Petroleum. The target entity […] Written by Cherian Varghese November 24, 2022November 24, 2022
Market News Top 10 News Asian Paints Posts 31% YoY Rise in Net Profit in Q2 – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Asian Paints Q2 Results: Net profit rises 31% YoY to ₹783 crore Asian Paints Ltd reported a 31.3% YoY increase in consolidated net profit to ₹782.71 crore for the quarter ended Sept (Q2 FY23). Its revenue from operations rose 19% YoY to […] Written by Cherian Varghese October 20, 2022October 20, 2022
Market News Top 10 News Adani Group to Invest Over $100 billion in Next Decade – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Adani Group to invest over $100 billion in next decade The Adani Group will invest more than $100 billion in the next decade, said Chairman Gautam Adani at the Forbes Global CEO Conference in Singapore. Nearly 70% of this investment will be […] Written by Cherian Varghese September 27, 2022September 27, 2022
Market News Top 10 News PVR to Invest ₹350cr for 100 New Screens in FY23 – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: PVR to invest ₹350 crore for 100 new screens in FY23 PVR Limited will invest up to ₹350 crore to open 100 new screens in the current financial year (FY23). The investments will be funded by cash balances from internal accruals and […] Written by Cherian Varghese September 26, 2022September 26, 2022
Market News Top 10 News Fortis Healthcare Shares Crash 20% on SC Order – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Fortis Healthcare shares crash 20% as SC extends stay on IHH open offer Shares of Fortis Healthcare Ltd crashed nearly 20% after the Supreme Court (SC) ordered the continuation of a stay on IHH Healthcare’s open offer for the company. The court […] Written by Cherian Varghese September 22, 2022September 22, 2022
Market News Top 10 News Adani Group to Build 3 Giga Factories as Part of Green Energy Push – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Adani Group to build 3 giant factories as part of green energy push Adani Group will build three giant factories in India leading to the world’s most integrated green energy value chains, said Chairman Gautam Adani. The giga factories will manufacture polysilicon […] Written by Cherian Varghese September 7, 2022September 7, 2022
Market News Top 10 News Axis Bank’s Net Profit Rises 91% YoY in Q1 – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Axis Bank Q1 Results: Net profit rises 91% YoY to Rs 4,125 crore Axis Bank reported a 91% YoY increase in net profit to Rs 4,125 crore for the quarter ended June (Q1 FY23). Its net interest income (NII) grew 21% YoY […] Written by Cherian Varghese July 25, 2022July 26, 2022
Market News Top 10 News PVR Plans to Open 125 Screens in FY23 – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: PVR plans to open 125 screens in FY23 PVR Limited expects the movie exhibition industry to bounce back “dynamically” in FY23 and plans to open around 125 screens during the year. The multiplex operator expects business to grow in the coming quarters, […] Written by Cherian Varghese June 29, 2022June 29, 2022
Market News Top 10 News HDFC Bank Hikes Lending Rates by 35bps – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: HDFC Bank hikes lending rates by 0.35% HDFC Bank has raised its lending rate by 35 basis points (bps) across the board to over 7.5%. This will increase the interest rates on all personal loans by the banks that are dependent on […] Written by Cherian Varghese June 7, 2022June 8, 2022
